Rather coarse, pre-War comedy about a Markgraf -- Heinrich XXVI -- who bathes in the springs of the Ammendorf to strengthen his potency. The town and its springs are especially well known for the many couples with lots of children, who, for tax reasons, live there unmarried. The town smithy and bully provides his vitality to ensure the countess has an heir for the throne.
Aspiring singer Susanne takes over one night for her sick colleague, the slap-stick actor Viktor, at a small cabaret in Berlin where he works as a female impersonator. By chance, Susanne is then "discovered" by an agent, who thinks she′s really a man. She becomes famous and goes on tour to London. But when the local womanizer Robert catches on to her game, Viktor then has to jump in for Susanne as "Viktoria".
Fred von Wellingen is a wealthy industrialist, part of a large family-owned corporation. Fred has fallen for Lia, a comely bartender in the Berlin Cabaret. He proposes to her, much to the horror of his family, which considers Lia and her unsophisticated father far below their caste. The family convinces Fred to give up the girl in exchange for increased position and income in the company. But Fred's lapse is momentary, and he again pursues Lia. But she, by this time, has learned of his erstwhile agreement and has agreed to marry someone else.
Deviating from the historical facts, Lola is introduced as a young Spanish “Gypsy” who becomes involuntarily embroiled in an attempt to poison the Infante of Spain (a short but splendid cameo by Heinrich George). As a result, she has to flee the country, arriving first in Italy, where she is taught how to act like a lady. Later, in Paris, she is invited to dance at the city’s prestigious opera house, becoming a worldwide sensation. She then becomes secretly involved in a revolutionary plot by Louis Napoléon, the future emperor of France. When the plot fails, Lola is once again forced to flee, this time to Munich, where she captures the attention of Ludwig I. Their ensuing affair arouses a great deal of hatred among the people and the establishment, however. In the end, Lola has no choice but to leave again, and vanishes into the night mist.